November 23, 2024

Israel-Hamas war sparks concerns of recession, gas price spike

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Israel-Hamas war sparks concerns of recession, gas price spike – CBS News

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There are growing concerns that the outbreak of war in the Middle East could tip the world economy into a recession. If Israel is brought into direct conflict with Iran, Bloomberg Economics estimates oil prices could soar to $150 per barrel. Sultan Meghji, former chief innovation officer for the FDIC, joined CBS News to discuss the potential economic fallout of the war.

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